Articolele autorului Oana Gavrila
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Romanian Senate Tacitly Adopts Bills Replacing Consumer Loan Reference Index
The Romanian Senate has adopted tacitly, without debate, a bill approving the government emergency decree that replaces the reference index on consumer loans with variable interest. citeşte tot
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Romania's Finance Ministry Amends Bank Tax This Week
Romania's finance ministry will finish this week a draft of changes to the emergency decree 114/2018 that introduced a tax on bank assets and raised capital requirements for mandatory private pension funds. citeşte tot
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Bank Tax Prompts Raiffeisen Bank International To Reevaluate Romanian Operations
Raiffeisen Bank International will reevaluate its operations in Romania following the government's introduction of a tax on banks' financial assets in December 2018, RBI CEO Johann Strobl said in the bank's annual earnings report released Wednesday. citeşte tot
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Romanians May Stop Contributing to Mandatory Private Pensions after 5 Years
Romanians who contributed for at least five years to the mandatory private pension system known as Pillar II may choose to stop contributing, according to a norm issued by the country's financial watchdog ASF and published in the Official Journal. citeşte tot
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Romania's Average Net Salary Drops 0.7% on Month in January
The net average salary in Romania declined 0.7% in January compared with December, to 2,936 lei (around EUR617), after holiday and end of the year performance bonuses granted in December, data from the country's statistics board showed Wednesday. citeşte tot
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Romanian Fiscal Council Sees 2019 Budget Deficit at 3.5% of GDP
Romania's Fiscal Council said Monday the country's budget deficit could reach 3.5% of gross domestic product this year, well above the EU limit of 3%, as the state budget is undervalued. citeşte tot
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Romania's Sovereign Investment Fund to Have RON19.11B Share Capital
Romania's Sovereign Fund for Development and Investments (FSDI) will have a share capital of RON19.11 billion, according to a draft government decision published Friday. citeşte tot
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Over Half a Million Electrica Customers Get Smart Meters in Next Five Years
Over half a million customers of state-owned power utility Electrica will have smart meters in the next five years, said Livioara Sujdea, executive distribution manager. citeşte tot
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Kazakh–Romanian Energy Fund Invests $230M in Petromidia Cogeneration Plant, Gas Station Chain
The Kazakh–Romanian Energy Investment Fund, 80% owned by KMG Internatioanl and 20% by the Romanian state, plans to invest $230 million in a cogeneration plant at the Petromidia refinery and to expand the Rompetrol gas station network. citeşte tot
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German Fashion Retailer Kik Opens First Store in Bucharest in Bucur Retail Park
German fashion discounter Kik has opened its first store in Bucharest in Bucur Retail Park in the western part of the city, following an investment of EUR200,000, and plans to reach 30 stores in Romania this year. citeşte tot
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Romania to Relaunch Tenders for Two Lots of Craiova-Pitesti Expressway
Romania's roads authority CNAIR will organize new tenders for the third and fourth lots of an expressway linking the cities of Craiova and Pitesti in southern Romania and hopes to contract the works by the end of the year, spokesman Alin Serbanescu said Tuesday. citeşte tot
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Romania Unemployment Rate at 3.9% in January
Romania's seasonally adjusted unemployment rate edged down to 3.9% in January from 4% in December 2018, data from the country's statistics board showed Friday. citeşte tot
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Conpet Ploiesti Turnover Grows 2.2% in 2018, Profit Drops 20%
State-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a turnover of RON385 million for 2018, up 2.2% compared with 2017. citeşte tot
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Romania to Build New Gas Pipeline Connection to Serbia
Romania's state-owned natural gas transmission company Transgaz will build an 85 km gas pipeline to connect the local transmission grid to that of neighboring Serbia, according to a draft government decision. citeşte tot
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APIA: Car Sales in Romania Grow 21% on Year in January
Car sales in Romania grew 21.6% in January compared with January 2018, while new car registrations declined 4.6% in the EU, data from the Automotive Manufacturers and Importers Association (APIA) showed Monday. citeşte tot
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ING Survey: Over 60% of Romanians Expect To Be Working Beyond Retirement Age
Around 54% of Europeans expect to continue working after retirement age, with the highest rates among Romanians and Czechs (63%), according to the ING International Survey Savings 2019 released Wednesday. citeşte tot
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Black Sea Oil & Gas CEO Expects Tax Decree To Be Scrapped by 2021
Romania's tax decree could be scrapped completely by 2021 when Black Sea Oil & Gas is set to start extracting gas from the Black Sea in a $400 million investment, CEO Mark Beacom said Wednesday at ZF Power Summit 2019. citeşte tot
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Romanian Parliament Adopts 2019 State Budget
Romanian lawmakers on Friday adopted the 2019 state budget with 275 to 122 votes. citeşte tot
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Romania Raises RON320M Selling June 2024 Bonds at 4.29% Average Yield
Romania's finance ministry on Thursday raised 320 million lei (EUR67.4 million) selling treasury bonds maturing in June 2024, the new five-year benchmark, at an average yield of 4.29%, central bank data showed. citeşte tot
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Eurostat: Romania Posts Fourth Biggest GDP Growth in 4Q/2018
Romania posted the fourth largest annual economic growth in the European Union in the fourth quarter of 2018, of 4%, on a par with Slovakia, Eurostat data showed Thursday. citeşte tot
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Finance Ministry Official Says Bank Tax on Assets is Quarterly
Romania's tax on banks' financial assets is to be levied quarterly on the quarterly assets balance, an official at the Ministry of Finance said Thursday. citeşte tot
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EC Allots EUR517M for Bucharest Airport Metro Line
The European Commission on Wednesday approved EUR517 million financing for a new metro line in Bucharest that would eventually run to the Otopeni international airport. citeşte tot
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Romania's Current Account Deficit Widens to EUR9.4B in 2018
Romania's current account balance posted a deficit of EUR9.416 billion in 2018, nearly 60% higher than the EUR5.97 billion deficit recorded in 2017, central bank data showed Wednesday. citeşte tot
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New Car Registrations Up 18.8% on Year in January, Used Car Registrations Down 8%
New car registrations in Romanian grew 18.8% in January compared with January 2018, to 13,952 units, data from Romania’s association of automotive manufacturers ACAROM showed Wednesday. citeşte tot
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Oil Terminal Posts 93% Drop in Net Profit in 2018
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO), majority owned by the Romanian state, posted a 93% annual drop in net profit in 2018, tyo RON318,000, the company said Wednesday. citeşte tot
